By Sheri Kasprzak
Atlanta, Dec. 20 - Mint Technology Corp. said Friday it will raise up to C$1.6 million in a private placement.
The company plans to issue up to 2,666,667 units at C$0.60 each.
The units include one share and one warrant. The warrants allow for an additional share at C$0.75 each through Dec. 31, 2005.
Toronto-based Mint provides electronic payment services, such as cell phone and magnetic card options. The company plans to use the proceeds from the offering for working capital.
| Issuer: | Mint Technology Corp.
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| Issue: | Units of one share and one warrant
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| Amount: | C$1.6 million
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| Shares: | 2,666,667 units
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| Price: | C$0.60
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| Warrants: | One warrant per unit
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| Warrant expiration: | Dec. 31, 2005
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| Warrant strike price: | C$0.75
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| Announcement date: | Dec. 17
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| Stock price: | C$0.70 at close Dec. 17
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